Bitcoin Cash 1692 in 6 days. Don't believe the BTC shorters!
Updated
Risk: Medium (Because of possible high volatility because of launch futures)
A triangle is formed and we will wait for a breakout.
- Last candle is a hammer. (Bullish sign)
- After reaching first target, a bullish flag will be formed. This is a strong signal to reach higer levels.
- Correction in cryptomarket was just a healthy correction and nothing to be scared of.
- Launch Bitcoin futures is positive at the short term and will continue the flow of money into the cryptomarket.*
- Most cryptos are forming big hammers, what means a bullish sign.
* Please. don't believe the messages of people that think Bitcoin will crash today or December 18th. And take all alt coins with them. It only leads to higher volatility because of the sudden cash flow. Besides that, a lot of hedgefunds are jumping in, they will always buy the underlying value. The correction past days was technically a healthy correction in a bullish market.
Targets
Target 1: 1692
Target 2: 2445
Support levels
Support level: 1105
Support level: 858
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is very welcome.
A triangle is formed and we will wait for a breakout.
- Last candle is a hammer. (Bullish sign)
- After reaching first target, a bullish flag will be formed. This is a strong signal to reach higer levels.
- Correction in cryptomarket was just a healthy correction and nothing to be scared of.
- Launch Bitcoin futures is positive at the short term and will continue the flow of money into the cryptomarket.*
- Most cryptos are forming big hammers, what means a bullish sign.
* Please. don't believe the messages of people that think Bitcoin will crash today or December 18th. And take all alt coins with them. It only leads to higher volatility because of the sudden cash flow. Besides that, a lot of hedgefunds are jumping in, they will always buy the underlying value. The correction past days was technically a healthy correction in a bullish market.
Targets
Target 1: 1692
Target 2: 2445
Support levels
Support level: 1105
Support level: 858
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is very welcome.
Note
No crash, but an upward movement as expected. Let's break out!Note
Bitcoincash broke out its triangle, if we close above 1492, we will reach our first target very soon! Next resistance is target 1. Congratulations with your profits so far.Trade closed: target reached
We have reached our first target as expected! I took some profits arround 1850 and I'll keep the rest of my position to reach our second target. If we close above the 1922 level with a day candle today, it is possbile to reach our second target very soon. If not, it will take some more time. This resistance level will raise every day with +/- $10.Congratulations with your profits again!
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